“It is a fact that man can’t fly.” That’s what a Washington Post editorial confidently asserted in the early days of the 20th century. Please imagine the certainty about the impossibility of flight around the same time that the Wright brothers took their vision of air travel to Kitty Hawk. What must people have thought as the brothers watched birds in flight, flapping their arms along with them in search of clues about how to achieve the impossible?
This question came to mind while reading Sebastian Mallaby’s seriously great, and wildly important new book, The Power Law: Venture Capital and the Making of the New Future. While the author comes to a few odd conclusions, it would at the same time be difficult to find a more important book than Mallaby’s in 2022, and most any year for that matter. If read the right way, Mallaby’s brilliant book explains so much, and in the process discredits so much.
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